About SBI Fixed Deposit in Mumbai

SBI is the leading public sector bank of India and has recently been in news for its merger with its five associate banks namely State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP).

SBI fixed deposits are one of the most demanding fixed deposits in India as the interest rates om these fixed deposits are higher. As a result, it gives you an opportunity to enjoy higher returns on your investment. To open an account in Mumbai at your nearest SBI branch, check details below.

SBI Fixed Deposit Mumbai at a Glance

Particulars

Details

Interest Rate

5.75% - 7.35%

Deposit amount

As per Bank’s norms

Tenure

7 days to 10 years

Eligibility Criteria

The eligibility criteria to open an FD account at State Bank of India is as follows:

An individual either solely or jointly

A minor jointly with a major

HUF

Private Traders

Professionals

Partnerships Firms

Companies

Clubs

Societies & Corporates

Documentation Required

Below is the documents checklist to open an fixed deposit at State Bank of India is as follows:

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